I really had some high hopes that Bam would be making some good choices after seeing many of his appointees. I am a little bit disappointed that Bam has chosen to pull such an unwise political stunt like freezing staff pay in the face of growing recession. Freezing and cutting wages is the worst thing employers can do in such a situation. It makes any recession worse by greatly increasing the reduction in consumer spending and depressing prices even more. Since he is doing it so publicly, other municipal entities and companies are likely to follow his example and it will make a bad situation even worse. While this freeze pay stunt is a common practice among incoming elected officials as a way of appealing themselves to the common voter, in the current economic climate it is a mistake.
Edited, Jan 22nd 2009 9:29pm by fhrugby